OneConstruction Group reports $0.1 million loss for six months

OneConstruction Group Limited (NASDAQ: ONEG) reported a net loss of $0.1 million for the six months ended September 30, 2025, compared to a net profit of $1.2 million in the same period of 2024, according to the company's unaudited interim financial results.

Revenue decreased 3.4% to $27.8 million from $28.7 million in the prior year period. The Hong Kong-based structural steelwork contractor attributed the revenue decline to increased public sector work offset by decreased private sector revenue due to a slowdown in Hong Kong's commercial property market.

Administrative expenses increased 94.9% to $1.7 million from $0.9 million, primarily due to costs associated with the company's December 2024 Nasdaq listing, increased professional fees, higher payroll from additional staff, and expanded office space.

The company established a 2025 Equity Incentive Plan in February 2025, authorizing 3 million ordinary shares for employee issuance. Share-based payment expenses of $0.7 million were recorded related to these employee stock options priced at $0.0001 per share.

Basic and diluted loss per share were $0.008 for the six-month period, compared to earnings per share of $0.11 in the prior year.

As of September 30, 2025, OneConstruction Group held cash of $4.8 million, total current assets of $49.3 million, and current liabilities of $14.5 million, resulting in net current assets of $34.8 million and a current ratio of 3.4. Shareholders' equity totaled $12.7 million.

The company operates through its Hong Kong subsidiary OneConstruction Engineering Projects Limited, providing structural steel procurement and installation services for construction projects in both public and private sectors.

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